Inventories

9 Months Ended

Sep. 30, 2022

Inventory Disclosure [Abstract]

Inventories

G.Inventories

Inventories are valued at the lower of cost or net realizable value using the FIFO (first-in, first-out) method. The Company reduces the value of its inventories to net realizable value when the net realizable value is believed to be less than the cost of the item. The reserve for excess and obsolete inventory as of September 30, 2022 and December 31, 2021 was $1,675,000 and $1,428,000, respectively.

Inventories are comprised of the following (in thousands):

	September 30, 2022		December 31, 2021
Raw materials	$	3,676	$	2,314
Work in process		2,724		2,196
Finished goods		1,184		982
Total Inventories, net	$	7,584	$	5,492